You know what Mitta - Optimism is one thing however being kept...

You know what Mitta - Optimism is one thing however being kept uninformed is another.

The quarterly gave us a heads up that the company has not been disclosing continuously to the market.

That does not mean there has not been disclosure though.

How many times have we asked ourselves why the selling is continuing now that the plant is producing?

And then the stalling tactic of saying that they are not going to produce at these low prices...

The truth is that there were issues with production and the market was not made aware of that simple fact.

IMO there were some that were obviously aware and they managed to protect their investment whilst the rest of us watched our investment shrink. Again..

So for all of the faith that we place in this company the reality is that we have been played like suckers.

Plain and simple.

Its this kind of information assymetry that the ASIC is supposed to protect investors from through regulation and I find it really difficult to believe that there has not been a breach of continuous disclosure laws when this kind of information is given to the market way after the fact.

This would have been the worst kept secret with everyone except the retail market being in the know.

And thats why the stock has been sold down.

And thats why there is no bullish investment.

And thats why we are sitting here grabbing hold of any indicator that shows the stock will give back a little of what it has taken away from so many.

We have stuck with LYC through political turmoil, protests, capital raisings, falling SP, TOL issues etc etc etc.

Now is the time for the current management to pull its finger out and deliver some results.

So maybe if they fix the bloody plant and get it cranked up and start getting honest with the people that supply their capital about whats going on there is a hope that this company can be successful and profitable.

What LYC needs is to make some stuff and sell it and get rid of this start up mindset.

Its time for them to realise that they cannot fly under the radar anymore, they need to show us the money.

Damn straight.